Sylla Gold Corp. announced a non-brokered private placement to issue 10,000,000 Units at an issue price of CAD 0.05 for aggregate gross proceeds of up to CAD 500,000 on September 5, 2023. Each Unit is comprised of one common share and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.10 per Common Share for a period of eighteen months from the date of issuance. The Company anticipates closing an additional tranches on or before October 5, 2023.

On the same date, the company issued 4,850,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of up to CAD 242,500 in the first tranche. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.